ASML Holding N.V. $ASML Stock Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 131.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,830 shares of the semiconductor company’s stock after buying an additional 3,308 shares during the quarter. King Luther Capital Management Corp’s holdings in ASML were worth $10,562,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NBH Bank acquired a new stake in shares of ASML during the 2nd quarter valued at approximately $26,000. Field & Main Bank bought a new position in ASML during the second quarter worth $30,000. Gilpin Wealth Management LLC lifted its stake in ASML by 275.0% during the third quarter. Gilpin Wealth Management LLC now owns 15 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Quest 10 Wealth Builders Inc. acquired a new position in ASML in the third quarter worth $27,000. Finally, Vision Financial Markets LLC acquired a new position in ASML in the third quarter worth $36,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 2.4%

Shares of NASDAQ ASML opened at $1,497.12 on Friday. The company has a market cap of $577.02 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.80. ASML Holding N.V. has a 12-month low of $946.11 and a 12-month high of $1,999.96. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The stock’s 50 day simple moving average is $1,663.51 and its 200 day simple moving average is $1,602.33.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. The business had revenue of $13.27 billion during the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. Equities research analysts expect that ASML Holding N.V. will post 46.51 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were issued a dividend of $2.1077 per share. This represents a $8.43 annualized dividend and a dividend yield of 0.6%. This is a negative change from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date of this dividend was Tuesday, October 27th. ASML’s dividend payout ratio is presently 17.55%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASML. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a research note on Monday, September 14th. JPMorgan Chase & Co. reduced their price target on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Weiss Ratings lowered shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,204.71.

ASML Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers. The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.